Furthers investment for sustainable transition

Added on 17 August 2023

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Furthers investment for sustainable transition

In the face of rising inflation, geopolitical tension, and economic uncertainty that marked the early months of 2023, Rabobank has reported a net result of EUR 2,528 million for the first half of the year. This financial success was bolstered by a series of interest rate hikes initiated by central banks to stabilize the economy.

A significant focus for Rabobank has been the pressing issue of climate change and the need for a swift transition from fossil fuels to sustainable energy sources. The bank has taken proactive measures in this direction, with over 35% of their new mortgage customers investing in sustainable home improvements. On a global scale, Rabobank has financed 20 green energy projects, amounting to EUR 1 billion.

Rabobank’s commitment to sustainability is further evident in its efforts to monitor and reduce greenhouse gas (GHG) emissions. The bank has enhanced its methods for estimating customer emissions, aiming for more precise data based on individual farm or company levels. This data-driven approach is designed to assist customers in transitioning to a low-carbon future. Concurrently, Rabobank is also developing targets for biodiversity, emphasizing its goal of a nature-positive path.

The agricultural sector in the Netherlands has faced its share of challenges. The abrupt end to negotiations for a national agriculture agreement, known as “het landbouwakkoord”, has left farmers uncertain. Recognizing the need for sustainable farming practices, Rabobank has earmarked EUR 3 billion in loans to support farmers. These loans are intended to help farmers with viable business plans make sustainable changes to their operations. Additionally, Rabobank offers advisory services to guide farmers in their sustainability journey.